Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the Indian Rupee (INR) has exhibited notable fluctuations over the past few months. This report provides an analysis of the MXN/INR exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

January 2025:
- Opening Rate (January 1): 1 MXN = 4.1075 INR
- Closing Rate (January 31): 1 MXN = 4.1917 INR
- Highest Rate: 1 MXN = 4.2508 INR on January 24
- Lowest Rate: 1 MXN = 4.1075 INR on January 1
- Average Rate: 1 MXN = 4.1945 INR

In January, the MXN/INR exchange rate demonstrated an upward trend, appreciating by approximately 2.17% over the month. The peso strengthened against the rupee, reaching its peak on January 24. (exchange-rates.org)

February 2025:
- Opening Rate (February 1): 1 MXN = 4.19 INR
- Closing Rate (February 28): 1 MXN = 4.26 INR
- Highest Rate: 1 MXN = 4.29 INR on February 19
- Lowest Rate: 1 MXN = 4.09 INR on February 3
- Average Rate: 1 MXN = 4.2555 INR

February continued the appreciation trend, with the peso gaining an additional 1.60% against the rupee. The highest exchange rate was recorded on February 19. (goodreturns.in)

March 2025:
- Opening Rate (March 1): 1 MXN = 4.2574 INR
- Closing Rate (March 27): 1 MXN = 4.2135 INR
- Highest Rate: 1 MXN = 4.3809 INR on March 14
- Lowest Rate: 1 MXN = 4.1517 INR on March 4
- Average Rate: 1 MXN = 4.2801 INR

March exhibited increased volatility, with the peso reaching a high of 4.3809 INR on March 14 before declining to 4.2135 INR by March 27. The average exchange rate for the month was 4.2801 INR. (investing.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the fluctuations in the MXN/INR exchange rate:

1. Economic Indicators:

   • Mexico: Positive economic data, such as GDP growth and favorable trade balances, have bolstered the peso.
   • India: Economic challenges, including inflationary pressures and trade deficits, have impacted the rupee's strength.

2. Monetary Policies:

   • Divergent monetary policies between the Bank of Mexico and the Reserve Bank of India have influenced investor sentiment and capital flows, affecting the exchange rate dynamics.

3. Global Market Sentiment:

   • Shifts in global risk appetite, commodity prices, and geopolitical events have led to capital movements between emerging markets, impacting both the peso and the rupee.

Comparative Analysis with Previous Years

Comparing the recent trends to previous years provides additional context:

• 2023:
  • Highest Rate: 1 MXN = 4.87 INR on September 20
  • Lowest Rate: 1 MXN = 4.31 INR on January 11
  • Average Rate: 1 MXN = 4.60 INR

In 2023, the peso experienced significant appreciation against the rupee, peaking in September. (freecurrencyrates.com)

• 2022:
  • Highest Rate: 1 MXN = 4.17 INR on October 31
  • Lowest Rate: 1 MXN = 4.07 INR on October 26
  • Average Rate: 1 MXN = 4.12 INR

The exchange rate remained relatively stable in 2022, with minor fluctuations. (exchange-rates.org)

Outlook

The MXN/INR exchange rate is subject to ongoing economic developments in both countries, monetary policy decisions, and global market conditions. Investors and businesses engaged in transactions involving these currencies should monitor these factors closely to make informed decisions.